India may raise import duty on natural rubber by 70 pct - sources

Newswire

MUMBAI, Feb 27 (Reuters) - India, the world's fourth largest
rubber producer, could increase import duties on natural rubber
by 70 percent as early as Wednesday in order to support falling
local prices, two industry sources and one government official
told Reuters.
The government wants to fix import duties at 34 rupees per
kg, or 20 percent, whichever is lower, said an official with the
state-run Rubber Board, who declined to be named. The existing
duty is 20 rupees per kg, or ...

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